Re:Even with 49% up sales and a 46% drop in expenses Slack s...
by ivraatiems on Wednesday September 09, 2020 @12:02PM
(#24422415)
This headline (as in the original on the site) seems unnecessarily editorial. From the article:
> CFO Shim said Slack expects "to be free cash flow breakeven for the year" and raised revenue guidance to a range of $870m to $876m, a jump of 38 per cent at the midpoint. The next quarter is expected to grow 32 per cent at the midpoint of a range of $222m to $225m.
It's true, they can't turn a profit, but this still sounds like a development in that direction. I'd say check back next year and see.
> CFO Shim said Slack expects "to be free cash flow breakeven for the year" and raised revenue guidance to a range of $870m to $876m, a jump of 38 per cent at the midpoint. The next quarter is expected to grow 32 per cent at the midpoint of a range of $222m to $225m.
It's true, they can't turn a profit, but this still sounds like a development in that direction. I'd say check back next year and see.